Bullish Raises $1.11 Billion in IPO, Launching on the NYSE with $5.41 Billion Valuation

Crypto exchange Bullish, backed by Peter Thiel and known for its focus on DeFi applications, has made a major move into the U.S. stock market. The company achieved a successful initial public offering (IPO), raising $1.11 billion to establish its presence on the New York Stock Exchange (NYSE) under the ticker BLSH. The IPO value surpassed expectations, with shares priced at $37 each and exceeding the previously set target range of $32 to $33. Bullish’s debut reflects strong investor confidence in the company.